If it makes me look foolish, even without the bet, I won't do it.

I don't know because everyone can make predictions and post them on social media for people to see. We have nothing to do with people's predictions because we don't know exactly how they came up with that number. It's better if we just skip the predictions or we keep in a special note about all the predictions from people so we can analyze them later.

I am still bullish and feel that the Bitcoin price could be over $100k, but I don't know when that will happen. And I also don't care about other people's predictions because I focus on collecting more Bitcoin now. You should also have the same focus on collecting Bitcoins rather than just reading predictions from other people because that will make you forget to try to collect Bitcoins.

Let that prediction be a prediction, especially since we don't know what will happen in the future or a few months later. We have to try to have many Bitcoins at times like now to get big profits when bull runs occur.

I agree. A $300 bet for a CEO isn’t bullish at all. It’s almost a bearish signal to be honest. Seems more like throwing $300 out there to get some people talking and possibly buying to follow this bet by a CEO. It doesn’t make sense for him to make this bet anyway. If BTC triples he’ll make hundreds of millions of dollars. This bet is irrelevant.

He should offer that same bet to users here on the forum. I’d be in for a million satoshi’s.

Not very realistic. It's not impossible for that to happen, but if the pattern of this cycle resembles previous ones in Bitcoin's short history, there is no way the price will surpass the $69K ATH in what's left until halving. Patterns need not repeat themselves indefinitely, however, and this cycle is an example of that, but on a downward trend.

But as mentioned, him betting only $300 is not very bullish.

I can only be bullish about bitcoin if the halving has already occurred. Since the halving hasn't occurred, I think am less bullish on bitcoin price.  I'll turn bullish on Bitcoin following months after the halving season  that is expected to occur by next year.

Regarding that, I'm trying to determine how realistically Adams projection of $100k before the halving season might be made. Since it is after months of the halving season that Bitcoin tends to soar in price, reaching a new all-time high. I'm not sure how likely it will be that the current state of the crypto market will result in a new ATH being set before the halving season. That looks unrealistic to me, I don't know for others, what they think about Adams prediction

I read about this earlier in the week. I assumed it was a joke because 1 million sats is $300 currently and if Bitcoin goes to $100000 then it will be $1000.

I think many here assumed it was more of like a $1M bet. So this doesn’t really show much confidence. It’s like betting $1 that Bitcoin will go to $1M next month. Either way was a fun thread to read and was very well engaged.

Adam Back probably HODLs more than enough Bitcoin to make a 1 BTC bet, but perhaps he doesn't want to convey that unintentionally?

Plus if it's cheap marketing, then you don't believe that Bitcoin will be trading at $100,000 either during the next halving, or at block height 840,000? It's possible if you ask me.

Is this a million dollars or a million satoshi? If it was a million satoshis, then we are talking about a bet of about $ 300 or, in the worst cases, less than $ 1,500. Do you think that such a bet is something serious?
This was reminded of the crazy bets that John McAfee was making and what's going on here is not that different.

Some tweeters consider Adam Back as the new bitcoin jesus. No one can predict what will happen to the price, but the bet on $100,000 came from historical data saying that after halving it is possible, but the price still needs several months.